Moody Aldrich Partners LLC Purchases 107,757 Shares of BrightSpring Health Services, Inc. $BTSG

Moody Aldrich Partners LLC purchased a new position in BrightSpring Health Services, Inc. (NASDAQ:BTSG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 107,757 shares of the company’s stock, valued at approximately $6,115,000. BrightSpring Health Services comprises approximately 1.2% of Moody Aldrich Partners LLC’s holdings, making the stock its 20th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new stake in shares of BrightSpring Health Services in the second quarter valued at $22,054,000. Bank of America Corp DE boosted its stake in shares of BrightSpring Health Services by 48.7% during the 1st quarter. Bank of America Corp DE now owns 1,534,154 shares of the company’s stock worth $65,370,000 after purchasing an additional 502,786 shares during the period. Ausbil Investment Management Ltd purchased a new position in shares of BrightSpring Health Services during the 2nd quarter worth about $2,005,000. Wealthstar Advisors LLC bought a new position in BrightSpring Health Services during the 1st quarter valued at about $1,525,000. Finally, Bellars Harris Wealth Management LLC bought a new position in BrightSpring Health Services during the 2nd quarter valued at about $4,394,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BTSG shares. Zacks Research lowered shares of BrightSpring Health Services from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. UBS Group boosted their target price on BrightSpring Health Services from $63.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Bank of America boosted their target price on BrightSpring Health Services from $66.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. KeyCorp reaffirmed an “overweight” rating on shares of BrightSpring Health Services in a research note on Monday, August 3rd. Finally, Guggenheim started coverage on BrightSpring Health Services in a report on Monday, July 13th. They issued a “buy” rating and a $81.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.88.

BrightSpring Health Services Stock Up 1.9%

NASDAQ:BTSG opened at $59.46 on Thursday. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 0.78 and a beta of 1.87. BrightSpring Health Services, Inc. has a twelve month low of $30.64 and a twelve month high of $73.75. The company has a current ratio of 1.59, a quick ratio of 1.22 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $59.77 and a 200-day simple moving average of $54.29.

BrightSpring Health Services (NASDAQ:BTSG) last posted its quarterly earnings results on Friday, July 31st. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $3.87 billion for the quarter, compared to analysts’ expectations of $3.66 billion. BrightSpring Health Services had a net margin of 2.55% and a return on equity of 16.73%. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. Analysts anticipate that BrightSpring Health Services, Inc. will post 1.64 EPS for the current year.

About BrightSpring Health Services

BrightSpring Health Services (NASDAQ:BTSG) is a Louisville, Kentucky-based provider of home- and community-based health services and pharmacy services. The company focuses on supporting individuals with complex or chronic care needs, including older adults and people with disabilities, through care delivered in homes, communities and other non-hospital settings.

Its services include home health, hospice, personal care, behavioral health, primary care, rehabilitation and community living programs.